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CNBC
Jan 14, 2013 7:00pm EST
said this afternoon we could hit the debt ceiling and exhaust all the extraordinary measures he's been taking as soon as one month from now. >> you know, john, 2010, 2011, the 2012 he negotiated. he voted against the debt ceiling i believe in 2006. why all of a sudden does he not want have to have negotiations? >> i think will's happened, larry, is that the president spent 2011 and 2012 with republicans squeezing him on his priorities, having opposed him during the first two years of his presidency. then that really had the wind at their back. the tea party election of 2010 had given republicans very big numbers on the hill. and he's decided that he backed up, and he backed up and he backed up, and he's not going to back up anymore. he took his argument to the american people in the election. he won the election. they held the house, that is true. but he's decided that he's been vindicated by public opinion broadly, and he's going to try to hold that ground. the question is going to be, larry, at the end of the year on the tax issue, he had the hammer behind him of the expiration of all the bush tax cuts. he does not have that hammer right now. what he has is the prospect of a catastrophic sta
CNBC
Jan 22, 2013 7:00pm EST
increase in the debt ceiling. darell should be candid in passing the ryan budget. >> in terms of wall street. the first vote is tomorrow. it is a vote to extend or increase the borrowing limit. but that is an action that wall street will look at in the house. first of all, you are right. and wall trestreet wants us to the fiscal progress. but, to mr. welch's point american families don't wait ten years to balance their budget. they don't call that extreme they go, that takes too long. we have to let them know that it is going to be a challenge to get to a ten year plan but we can do it if we work together. that is the message coming from congress right now. let's work together because if we don't i have little kids, my kid rz going to pay for this debt. they are the victims of this policy. >> i'm agrees with it. but americans pay their bills. they don't threaten to buy a freezer to stiff the payment because they are over the limit. >> that is what we are doing right now. >> before we get to the next generation and the generation after that. i would like to see some spending cuts right now. and i think that is
Search Results 0 to 1 of about 2